Reportable Segments (Tables)

6 Months Ended

Jun. 27, 2025

Segment Reporting [Abstract]

Summary of Segment Description and Data

The following table describes each segment:

Segment	Product or Services	Primary Markets Served	Geographic Areas
Products	Assembly Weldments Machining Fabrication	Semiconductor	Americas Asia Pacific EMEA
Services	Cleaning Analytics Coating	Semiconductor	Americas Asia Pacific EMEA

Segment Data

	Three Months Ended				Six Months Ended
(In millions)	June 27, 2025		June 28, 2024		June 27, 2025		June 28, 2024
Revenues:
Products	$	454.9	$	452.7	$	911.9	$	871.2
Services	63.9		63.4		125.5		122.7
Total segment revenues	$	518.8	$	516.1	$	1,037.4	$	993.9
Cost of revenues:
Products	$	393.3	$	383.9	$	783.5	$	738.0
Services	46.0		43.7		90.4		84.8
Total segment cost of revenues	$	439.3	$	427.6	$	873.9	$	822.8
Gross profit:
Products	$	61.6	$	68.8	$	128.4	$	133.2
Services	17.9		19.7		35.1		37.9
Total segment gross profit	$	79.5	$	88.5	$	163.5	$	171.1
Operating expenses:
Products
Research and development	5.4		4.6		10.5		9.1
Sales and marketing	12.7		12.2		24.7		23.1
General and administrative	36.8		33.2		76.3		67.5
Impairment of goodwill	77.6		—		77.6		—
Total Products operating expenses	132.5		50.0		189.1		99.7
Services
Research and development	2.4		2.4		4.9		4.8
Sales and marketing	2.8		2.7		5.7		5.4
General and administrative	10.1		10.5		19.2		21.0
Impairment of goodwill	73.5		—		73.5		—
Total Services operating expenses	88.8		15.6		103.3		31.2
Total segment operating expenses	$	221.3	$	65.6	$	292.4	$	130.9
Segment operating profit (loss):
Products	$	(70.9)	$	18.8	$	(60.7)	$	33.5
Services	(70.9)		4.1		(68.2)		6.7
Total segment operating profit (loss)	$	(141.8)	$	22.9	$	(128.9)	$	40.2
Reconciliation of segment operating profit (loss):
Total segment operating profit	$	(141.8)	$	22.9	$	(128.9)	$	40.2
Interest income	$	0.8	$	1.4	$	1.9	$	2.8
Interest expense	$	(10.1)	$	(11.7)	$	(20.0)	$	(23.9)
Other income (expense), net	$	(2.2)	$	17.4	$	(1.3)	$	13.5
Income (loss) before provision for income taxes	$	(153.3)	$	30.0	$	(148.3)	$	32.6

Expenditures for segment property, plant and equipment
Products	$	9.7	$	8.3	$	18.8	$	20.0
Services	7.1		4.7		10.3		11.0
Total expenditures for segment assets	$	16.8	$	13.0	$	29.1	$	31.0
Depreciation and amortization
Products	$	12.5	$	12.6	$	25.1	$	25.7
Services	6.2		6.2		12.6		12.3
Total depreciation and amortization	$	18.7	$	18.8	$	37.7	$	38.0
(In millions)					June 27, 2025		December 27, 2024
Assets
Products					$	1,468.6	$	1,657.0
Services					277.0		262.9
Total segment assets					$	1,745.6	$	1,919.9